Question

Goods returned by M.r Chakrabarti journal entry

Answer 1

Answer:

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Answer 2

ANSWER:

Sales Return A/c....... Dr

To Mr. Chakraborty A/c (Cr)

EXPLAINATION:

Defination of Sales Return: Goods which we have sold returned by the customer is called Return Inwards or Sales Return.

Here in our question that 'Goods Returned by Mr. Chakraborty' it means Mr. Chakraborty was returned the goods to you. He took the goods one time and returned the goods by him. That's called Sales Return or Return Inwards.

Defination of Purchase Return: Goods which we purchased on credit if returns back it is called Return Outwards.

if the question give 'Goods Returned to Mr. Chakraborty'the journal entry will be:

Mr. Chakraborty A/c......... Dr

To Purchase Return A/c

it means now you giving the goods to Mr. Chakraborty. So it was returned to.

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